Neutral impactSector
FASTag OneTag launched: Change your bank without replacing the tag—here’s how it works
Mint 1 hr ago·19 Sept 2026, 1:52 pm
Vehicle owners can now switch their FASTag bank account without physically replacing the tag. The National Highways Authority of India (NHAI) has introduced a digital process via its Rajmargyatra app, allowing users to initiate the change directly from their smartphones. This new feature simplifies the process of changing the bank associated with your FASTag, removing the need to visit a service center or get a new physical tag.
This development is a positive step for retail investors as it enhances the convenience of using FASTags. By making the bank-switching process smoother, the move could encourage more people to adopt electronic toll collection, which is the standard for Indian highways. Investors should watch for any updates on the app's user adoption rate and whether this convenience drives higher compliance with electronic tolling across the country.
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